Penn National is shutting down all theScore Bet operations in the US and converting them into Barstool Sportsbooks. TheScore Bet will focus on its dominating market share in Canada. TORONTO – Penn National has announced that all theScore Bet products will be shut down in … Read more
According to March’s revenue report released by the Indiana Gaming Commission, Indiana’s sportsbooks generated $476.8 million in wagers and $32 million in revenue during March. This pushed the total betting handle to over $1 billion since launch. INDIANAPOLIS – A solid March led to Indiana … Read more
The Alcohol and Gaming Commission of Ontario has granted BetMGM, the Kambi Group, and the Ontario Lottery and Gaming Corporation regulatory access to the Ontario market. BetMGM is now the 15th sportsbook operator to receive approval in Ontario; additional operators, such as Caesars and DraftKings, … Read more
Sportsbooks in Ontario launched on August 27, 2021. Since going live, 45% of total wagers have been placed on football, with the NFL seeing 34% of the total handle. Ontario sportsbooks could generate up to $570 million CAD in 2022 at this rate. TORONTO – … Read more
Ontario is the first province in Canada to release a draft of rules and regulations for its sports wagering industry. The province will have a window for public comment and opinion on the draft in its current form opened until August 18. Ontario would like … Read more
Sports betting in New Jersey saw a 9% increase month over month in May. Local sportsbooks saw $814.2 million in betting activity. NJ saw $52.9 million in sports betting revenue. TRENTON, N.J. – The New Jersey Division of Gaming has officially released the May sports … Read more
Canada’s Senate adjourns for 2021 at the end of the month. Bill C-218 to regulate single-game sports betting needs one more reading and a vote for passage before the adjournment. Mobile and retail sportsbooks are expected to launch in Canada by September 6 should the … Read more
The Canada sports betting bill has succeeded in the Senate reading and moved on to deliberation in the Senate’s Standing Committee on Banking, Trade, and Commerce. This bill would bring full-scale sports betting to Canada. The CEO of theScore bet, John Levy, has issued a … Read more
Canada needs one more passage for Bill C-218 to become law and allow for retail and mobile sports betting in the country. It is estimated that with the passage of Bill C-218, a regulated Canadian sports gaming industry could bring in $28 billion in annual … Read more
Score Media has recently gone public on the NASDAQ. Score Media’s shares have boomed following speculation that DraftKings may move to acquire the company. No confirmation from either DraftKings or Score Media has been made about the potential takeover. BOSTON – Score Media & Gaming … Read more
The sports betting market will grow to $9.2 billion by 2025 according to a report by J.P. Morgan. DraftKings was estimated to spend $93 million on advertising through the first three quarters of 2020. Major media outlets such as ESPN, FOX Sports, and Bleacher Report … Read more
Canada could see legal sports betting on single-game events in 2021 as Private Members Bill C-218 passed in the House of Commons in its second reading. Plenty of advocates for the industry are putting pressure on the Parliament of Canada to pass legislation, including the … Read more